As illustrated in the INFOgraphic, 2014 Smart Grid Cybersecurity Survey, sponsored by SMART Modular Technologies, a survey of 111 energy executives revealed that 61 percent considered security to currently be a big problem for the smart grid; more poignantly 64 percent believed that the grid is not prepared for security threats.
“While significant advancements have been made over the past decade to support energy availability and continuity, the results of our survey confirm the industry’s next big investment focus should be security, data integrity, and reliability of smart grid systems,” stated Scott Emley, SMART Modular Technologies VP & GM, Integrated Memory Solutions. “The challenge is upon the entire smart grid ecosystem, from suppliers to OEMs to utility companies to regulators and even to consumers, to embrace a concerted security direction and efficiently protect these advancements.”
“With cybersecurity and the smart grid increasingly becoming more dependent on one another the failure to address security ricks across the grid will have major repercussions,” stated Jason S. Rodriguez, Zpryme CEO and Director of Research. “That’s why it’s important to have companies such as SMART Modular producing technologies for a safer, more-reliable grid.”
Zpryme’s executive survey also revealed:
- Nearly four out of ten (38%) believed that “government standards” are the best way to remedy smart grid security concerns.
- Almost one out of ten (8%) utilities planned to invest “more than $5 million” in cybersecurity technologies over the next five years.
- Respondents ranked outages as the biggest concern as it pertains smart grid security.
- Outages were also ranked as the most severe consequence of a potential security breach at a utility.
- Three out of ten (30%) stated that “distribution automation” will yield the largest amount of investment over the next year.
Meet SMART Modular at DistribuTECH
SMART will be showcased at the upcoming DistribuTECH Conference & Exhibition at booth #419 in San Antonio, Texas on January 28-30, 2014.
To schedule a meeting, contact:
SMART Modular Technologies
About SMART Modular
SMART Modular is a technology leader in the design, development, and deployment of current and next-generation memory products. Combining leading-edge design and manufacturing with proven world-class support, SMART Modular leverages its deep expertise in DRAM, SRAM and Flash architectures with world-class board-layout design. SMART Modular delivers high-quality, high-reliability solutions to a broad customer base, including tier one computing and telecom OEMs as well as industrial, medical and automotive customers. In support of these designs, SMART Modular provides award-winning innovations in memory and embedded storage technologies. SMART Modular is part of the SMART family of global companies. Visit www.smartm.com for more information.